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5606 Lexington Ave, Los Angeles, CA 90038
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5606 Lexington Ave Los Angeles, CA 90038

$1,900,000 Sold Price as of 08/19/2020
  • 11 Beds
  • 8 Baths
  • -- Sq.Ft.
Sold
$1,900,000 Sold Price as of 08/19/2020 Refinance Your Mortgage
Map preview of 5606 Lexington Ave, Los Angeles, CA 90038

Property Overview: 5606 Lexington Ave Los Angeles, CA has 11 bedrooms, 8 bathrooms, -- living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wonderful opportunity to acquire a well-maintained building containing 8 spacious units with a good mix of one and two-bedroom apartments. This gated property features security cameras, on-site laundry, and beautiful wood floors in several units. NO RETROFITTING REQUIRED. 25% upside in rents. 7,500 sq. ft. lot provides opportunities for future development. Located on a quiet street in booming East Hollywood - just minutes to restaurants, Metro stops, 101 Fwy, and multiple studios. Please do not enter the property or disturb the tenants.

Listed by Haya Handel | BRE #02007200 | Compass
Co-listed by Gary Barkin | BRE #01838791 | Compass
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20579080
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,038
  • Total Rent: $1,038
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,151
  • Total Rent: $1,151
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,241
  • Total Rent: $1,241
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,580
  • Total Rent: $1,580
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,162
  • Total Rent: $1,162
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,531
  • Total Rent: $1,531
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.34
  • Gross Scheduled Income: --
  • Net Operating Income: $75,833
  • Gross Operating Income: $125,620
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5606 Lexington Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Detached Carport, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5536007003
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 5606 Lexington Ave

Last sold for $1,900,000 on August 19th, 2020

  • August, 2020

  • Aug 19, 2020

    Date

    Sold

    CRMLS: 20579080

    $1,900,000

    Price

  • Jun 29, 2020

    Date

    Pending

    CRMLS: 20579080

    $2,095,000

    Price

  • May 29, 2020

    Date

    Active Under Contract

    CRMLS: 20579080

    $2,095,000

    Price

  • May 18, 2020

    Date

    Active

    CRMLS: 20579080

    $2,095,000

    Price

  • August, 2020

  • Aug 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

Show More

Tax History for 5606 Lexington Ave

Assessed Value (2020): $208,216
Year Land Value Improved Value Assessed Value
2020 $55,125 $153,091 $208,216

Home Value Compared to the Market

This property vs the competition

5606 Lexington Ave sold on August 19, 2020 for 87.05% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 5606 Lexington Ave

Detailed summary of property

5606 Lexington Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 11 bedrooms, 8 bathrooms, roughly -- living square feet, and sits on an approximately 7,500 square foot lot. 5606 Lexington Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 87.05% higher than the current median priced home. Local homes that are currently for sale include 542-544 N Windsor Blvd, 4886 Lexington Ave and 563 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 106 days, 5606 Lexington Ave has a days on market of 11 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5606 Lexington Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5606 Lexington Ave

Public county record property details
Beds
12
Baths
8
Year built
1957
Sq. Ft.
6,633
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5536-007-003

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
47
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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